Quick Summary
5.27 crore ITRs filed in New Tax Regime for AY 2024-25Over 69.92 lakh ITRs filed on a single day on 31st July, 202458.57 lakh first time filers of ITRs till 31.07.2024 The taxpayers and tax professionals made their compliances in time, leading to a surge in filing of Income-tax Returns (ITRs), which resulted in a new record of ITRs filed till 31st July 2024. The total number of ITRs for AY 2024-25 filed till 31st July, 2024 is more than 7.28 crore, which is 7.5% more than the total ITRs for AY
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FAQ :
More than 7.28 crore ITRs were filed for AY 2024-25 by 31st July 2024.
The New Tax Regime was more popular, with 5.27 crore ITRs filed under it, compared to 2.01 crore in the Old Tax Regime. This means about 72% of taxpayers opted for the New Tax Regime.
On 31st July 2024, over 69.92 lakh ITRs were filed, which was the peak filing day.
There were 58.57 lakh first-time ITR filers by 31st July 2024.
There was a 7.5% increase in ITR filings compared to AY 2023-24, which saw 6.77 crore returns filed by 31st July 2023.
As of 31st July 2024, more than 2.69 crore ITRs for AY 2024-2025 have been processed.
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